Buying a home can be SCARY…Until you know the FACTS
Posted by Missy Ashcraft on Friday, November 8, 2019 at 12:00 PM By Missy Ashcraft / November 8, 2019 Comment
Many potential homebuyers believe they need a 20% down payment and a 780 FICO® score to qualify to buy a home. This stops many people from even trying to jump into homeownership! Here are some facts to help take the fear out of the process:
- 71% of buyers who purchased homes have put down less than 20%.
- 78.1% of loan applications were approved last month.
- In September, the average credit score for approved loans was 737.